Grab Holdings Limited (NASDAQ:GRAB) does about 16.38M shares in volume on a normal day but saw 12912032 shares change hands in Monday trading. The company now has a market cap of 14.05B USD. Its current market price is $3.74, marking an increase of 1.63% compared to the previous close of $3.68. The 52 week high reached by this stock is $6.61 whilst the lowest price level in 52 weeks is $2.19. The script in recent trading has seen the stock touch a high of $3.78 and a low of $3.6401.
Grab Holdings Limited (GRAB) has a 20-day trading average at $3.50 and the current price is -43.42% off the 52-week high compared with 70.78% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.22 and its 200-day simple moving average is $2.96. If we look at the stock’s price movements over the week, volatility stands at 7.09%, which decreases to 6.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.17 to suggest the stock is neutral.
25 analysts observing the Grab Holdings Limited (GRAB) stock have set the 12-month price targets for the company’s shares at between $2.65 and $6.00. The consensus objective for the share price is $4.28, suggesting that the stock has a potential upside of 12.62% over the period. The median price target is 8.78% away from the current levels at $4.10.
FactSet Research has provided data showing that 25 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 2 advise that it is a overweight. 17 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 17, 2023 when BofA Securities upgraded the stock to “Buy” and issued a price target of between $3.60 and $4.20. JP Morgan downgraded its price target at $3-$3.80.
The current price level is 7.73%, 16.90%, and 26.30% away from its SMA20, SMA50, and SMA200 respectively, with the GRAB price moving below the 50-day SMA on January 23. Grab Holdings Limited (GRAB) stock is up 4.47% over the week and 25.08% over the past month. Its price is 16.15% year-to-date and -37.04% over the past year.
The company’s next earnings report is expected on 05/18/2023, with forecasts estimating quarterly EPS at -$0.12 and -$0.47 for whole year. Expected sales for next quarter are $360.68 million, which analysts say will come at $2.15 billion for the current fiscal year and next year at $2.73 billion. In addition, estimates put the company’s current quarterly revenue at an average of $343.84 million.
Its 12-month price target is $4.10. To reach the target analysts have set, the stock logically needs to grow 12.62 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.65, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $6.00.
Outstanding shares total 4.09B with insiders holding 27.92% of the shares and institutional holders owning 47.62% of the company’s common stock. The company has a return on investment of -19.30%. Price to book ratio is 2.24 and price to sales ratio is 13.34.
According to a U.S. Securities and Exchange Commission filing, American Funds EuroPacific Growth has added its position in Grab Holdings Limited (GRAB) to 80,554,973 shares, mirroring a recent increase by 18.10%. American Funds EuroPacific Growth added 12.35 million shares of Grab Holdings Limited common stock bringing its total worth to about $259.39 million at the end of recent close, SEC documents show. American Funds EuroPacific Growth isn’t the only investment manager who changed stakes and is followed by American Funds New World Fund, which added 15.54 million shares to end up with 58,918,735 shares worth $189.72 million. Morgan Stanley Invt Fds – Globa cut their holdings by -5.23% in the company over the course of the most recent quarter. It now holds a 1.37% position in Grab Holdings Limited thanks to 51.04 million shares amounting to $164.36 million.